PIONEER PROPERTY GROUP ASA: årsregnskap 2017 vs 2016
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2018-04-12; registry 2018-06-06; journal 2018 414506
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for PIONEER PROPERTY GROUP ASA. Revenue 217.7k NOK → 0 NOK (-100.0%). Net result +191.40m NOK → +250.5k NOK. Equity 1.61bn NOK → 1.56bn NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for PIONEER PROPERTY GROUP ASA.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 217.7k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +189.99m NOK → -2.68m NOK. Calculated
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↓
Net result weakened
Net result +191.40m NOK → +250.5k NOK. Calculated
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↓
Equity eroded
Book equity 1.61bn NOK → 1.56bn NOK (equity ratio 99.5% → 98.0%). Calculated
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↓
Cash fell
Bank deposits 185.92m NOK → 34.36m NOK (-81.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (185.92m NOK → 34.36m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 1.56bn NOK → 1.50bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 1.40bn NOK → 1.47bn NOK. Reported fact